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New essay from @jchervinsky and I
on tokens vs equity

Tokens vs. Equity

onchain value -&gt; tokens
offchain value -&gt; equity

In this piece @jchervinsky and I explain how onchain value can extend to offchain infrastructure (e.g. front-ends)—giving founders flexibility to build full stack and efficiently—from protocols to products, with

New essay from @jchervinsky and I
on tokens vs equity 
https://x.com/jessewldn/status/1938241548199592238

More startup investors will get into crypto as soon as they realize that crypto is way more liquid than a regular startup.

NEW PRODUCT / PRE-SEED ANNOUNCEMENT

https://x.com/jessewldn/status/1889369798305608110

If youre launching tokens you must yap to @aja about Doppler

All the world’s value will be tokenized. This idea is what drove our investment in Uniswap, a token exchange, 5 years ago—and it’s the same idea behind our pre-seed investment in @whetstonersch, who are building Doppler, a protocol live on @Unichain that reimagines token…

Building /doppler | Advising /variant | prev /uniswap

this issue of the @variant newsletter is a banger

a lot of good stuff rounded up from the last month or so.

Investing in an internet that turns users into owners

this issue of the @variant newsletter is a banger

a lot of good stuff rounded up from the last month or so.

https://blog.variant.fund/the-ai-and-daos-edition

Good story on the origins of Phantom wallet, and whats been driving their rocket ship growth in 2024. One of the few crypto products with millions of DAU/MAU/MTU

I spoke with @bchillman, cofounder/CEO of @phantom at our investor day in November. We discussed early days building on Ethereum, making the bet on Solana before anyone was paying attention, key drivers of their growth (hit #5 in the app store in 2024) and plans for the future

I… https://t.co/WBAfw22826

Good story on the origins of Phantom wallet, and whats been driving their rocket ship growth in 2024. One of the few crypto products with millions of DAU/MAU/MTU

https://x.com/jessewldn/status/1876658341813821944

some news: after (almost!) 3 years, this is my last week @variant 

feeling so grateful for the incredible team I’ve had the opportunity to work with over the last few years, and excited to share more about what’s next very soon:)

new variant investment im very excited about

in exploring decentralized ai inference, we patiently looked for a solution to a holy grail problem: the trilemma between cost, performance and verification.  

@hyperbolic_labs stood out because they solved it: web2 performance, for less $ and verified inference. 

its therefore…

new variant investment im very excited about
https://x.com/jessewldn/status/1866523066911666527

Contributor to crypto, building at World / TFH, co-founder of PoolTogether Inc, instigator of pleasrDAO

https://leighton.mirror.xyz/

Missed the Mini App Hackathon by @variant + @worldcoin? 

Watch the talks from @lay2000lbs, Andy Wang + @john 🧵

1/ What are agents good at? We debated internally and came up with at least four things: (1) meeting humans where they are; (2) doing work for nudging humans; (3) aggregating and synthesizing information and (4) being entertaining.

Reporting @dbarabander pre-Thanksgiving thoughts on agents 👇

GC and Investment Partner @variant | ex software engineer/@ycombinator founder, attorney Cravath | casts are not legal advice | I am not your lawyer

first ever ⁦‪@worldcoin‬⁩ hackathon is underway ⁦‪

Founders

This is my guiding principles for running @percs!!

Also, tested out the user journey from Canva to Percs for the frame builder ;)

Posting it here for other founders, too!!

Investing @variant, writing at https://backoftheenvelope.substack.com/

/allifans | building for startups @vercel

y’all should do an ai agent hackathon this weekend instead of the worldcoin one

@alanadlevin @alli

we’re hosting another demo night!! 

join us on october 30th for a night of product demos from teams building at the intersection of crypto & ai 

there may or may not be some *spooky* themed treats to follow 🎃

apply to attend/demo below https://lu.ma/yf6fq82t

t-1 week until our crypto x ai demo night!! 

sign up if you haven’t already below 🎃👻

we’re hosting another demo night!! 

join us on october 30th for a night of product demos from teams building at the intersection of crypto & ai 

there may or may not be some *spooky* themed treats to follow 🎃

apply to attend/demo below

so much fun hosting demo night with @usv last week :) 

stay tuned for more of our demo nights in NYC happening soon… 

tag someone you’d like to see demo in the replies 👀

Union Square Ventures is a venture capital firm based in New York City.